Job page · Tax
Settle and post sales tax
A periodic job that settles the sales tax balances on the sales tax accounts for a period and offsets them to the sales tax settlement account.
- Used by
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- Business process
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- Menu item
action:TaxReport- Main table
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- Data entity
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- Setup steps
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Show what matters for
Everyone
1What it is and why
| What it is | A periodic job that settles the sales tax balances on the sales tax accounts for a period and offsets them to the sales tax settlement account. |
|---|---|
| What you do here | Used to settle the tax owed for a settlement period; when the authority is linked to a vendor, the balance becomes an open vendor invoice to pay. |
| Example | For example, on a June customer invoice of 10,000 with 25 percent sales tax, you normally settle and pay the 2,500 of tax for June, even before the customer pays. |
Functional consultant · Solution architect
2Where it fits
| Business process | — |
|---|---|
| Menu path | Tax › Declarations › Sales tax › Settle and post sales tax |
| Set up first | Sales tax settlement periods Microsoft Learn ↗Report sales tax for settlement period Microsoft Learn ↗ |
| Used next by | Sales tax payments Microsoft Learn ↗Vendor payment journal Microsoft Learn ↗ |
| Related pages | — |
End user · Functional consultant
3How to do it
Microsoft's steps
- Go to Tax > Declarations > Sales tax > Settle and post sales tax.
- In the Settlement period field, select the settlement period.
- In the From date field, enter the start date of the period.
- In the Transaction date field, enter the posting date.
- Select OK, and review the Sales tax payments report that prints.
Source: Microsoft Learn ↗
Field guide
| Field | What it means | Worked example | Table column |
|---|---|---|---|
| Settlement period | The settlement period to settle.Microsoft Learn ↗ | — | — |
| Sales tax payment version | Original settles a period interval the first time, which can be done only once; Latest corrections settles transactions posted after that.Microsoft Learn ↗ | — | — |
| Transaction date | The posting date of the settlement, which also becomes the due date of the payment to the authority.Microsoft Learn ↗ | — | — |
Functional consultant
4Setup decisions
| Setup step | Recommended value and why | Decision · common mistake · test |
|---|---|---|
| — No setup is made on this page. | ||
Solution architect
5Design impact
| Shared or per company | — |
|---|---|
| Can it be undone | — |
| Feature or country | — |
| If you change it later | With the Separate sales tax payment report generation from sales tax settlement feature turned on, the payment report is no longer printed after settlement; you run it from Sales tax payments instead. Microsoft Learn ↗ |
Technical architect
6Technical
| Menu item | action:TaxReport Checked in Dynamics 365 |
|---|---|
| Form | Dialog Checked in Dynamics 365 |
| Table | — |
| Data entities | — |
| Who can open it | — |
| Actions on the page | — |
Developer
7Developer
| Open it directly | https://<your-environment>/?mi=action:TaxReport |
|---|---|
| Integrate with | — |
| Table definition | — |
Everyone
8Sources and checks
- learn.microsoft.com/dynamics365/finance/general-ledger/tasks/create-sales-tax-payment
- learn.microsoft.com/training/modules/work-taxes-finance/prepare-periodic-filing
- learn.microsoft.com/dynamics365/finance/general-ledger/indirect-taxes-overview
- Checked in a working Dynamics 365 system, version 10.0.49: the menu item, form, table and security, the page.